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Here's the 1 Social Security Change in 2023 That's Going to Hurt the Worst


The huge Social Security increase that's on the way within a matter of weeks is old news now. If you already receive Social Security benefits or aren't too far off from doing so, you almost certainly know that the cost-of-living adjustment (COLA) next year will be 8.7%.

However, there are other Social Security changes that won't help people financially. For example, a higher salary cap will be implemented for payroll taxes that fund the federal program. But here's the one Social Security change in 2023 that's going to hurt the worst.

Image source: Getty Images.

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Source Fool.com


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